Advertisement
UK markets open in 6 minutes
  • NIKKEI 225

    39,103.22
    +486.12 (+1.26%)
     
  • HANG SENG

    18,885.93
    -309.67 (-1.61%)
     
  • CRUDE OIL

    77.23
    -0.34 (-0.44%)
     
  • GOLD FUTURES

    2,367.00
    -25.90 (-1.08%)
     
  • DOW

    39,671.04
    -201.95 (-0.51%)
     
  • Bitcoin GBP

    54,693.88
    -183.10 (-0.33%)
     
  • CMC Crypto 200

    1,511.00
    +8.33 (+0.55%)
     
  • NASDAQ Composite

    16,801.54
    -31.08 (-0.18%)
     
  • UK FTSE All Share

    4,560.55
    -23.85 (-0.52%)
     

Egypt state wheat imports to fall to 4-4.5 mln tonnes in next yr

CAIRO (Reuters) - Egypt, the world's top wheat importer, will cut state imports of wheat in the next year to between 4 million and 4.5 million tonnes provided reforms continue to reduce consumption and waste, Supply Minister Khaled Hanafi told a newspaper. "Egypt will import between 4 and 4.5 million tonnes of wheat alongside local production provided consumption continues to fall as the new system is introduced across all provinces," the Al Gomhuria newspaper quoted the minister as saying. A Reuters poll in April showed Egypt would import more than 10 million tonnes of wheat in 2014/15, a sign that traders believe the government will struggle to meet its goal of cutting international purchases by as much as 30 percent. Egypt's international purchases are split roughly in half between the state and the private sector. Its large state buying tenders can impact global wheat prices.